Search and seizure: abatement of earlier search bars use of prior seized material in later search-based assessments; relief limited to new documents f...
Admission of additional evidence under remand rules must await a meaningful remand report; failure to do so breaches natural justice and mandates rema...
Export Obligation Discharge Certificates for EPCG compliance cannot be questioned by Customs unless DGFT adjudicates and cancels them, so demands quas...
SEBI prescribes uniform compliance reporting formats for Specialized Investment Funds (SIFs) by applying to SIFs all reporting requirements under the SEBI (Mutual Funds) Regulations, 1996, the MF Master Circular dated June 27, 2024, and related circulars, thereby subjecting SIFs to the same compliance reporting regime as mutual funds. The Compliance Test Report format is modified to add a new Part IV requiring AMCs managing SIFs to report additional SIF-specific compliance (including minimum investment threshold, strategy characteristics, fee/expense limits, investment and issuer-concentration restrictions, derivatives, product differentiation, disclosures, subscription/redemption, listing, benchmarking, distribution, risk band, and scenario analysis), increasing mandatory periodic attestations within the CTR. The Half-Yearly Trustee Report format is modified to add Clause 72A requiring trustees to report SIF-specific governance and compliance matters, expanding trustee oversight reporting, with effect from January 8, 2026.
SEBI prescribes uniform compliance reporting formats for Specialized Investment Funds (SIFs) by applying to SIFs all reporting requirements under the SEBI (Mutual Funds) Regulations, 1996, the MF Master Circular dated June 27, 2024, and related circulars, thereby subjecting SIFs to the same compliance reporting regime as mutual funds. The Compliance Test Report format is modified to add a new Part IV requiring AMCs managing SIFs to report additional SIF-specific compliance (including minimum investment threshold, strategy characteristics, fee/expense limits, investment and issuer-concentration restrictions, derivatives, product differentiation, disclosures, subscription/redemption, listing, benchmarking, distribution, risk band, and scenario analysis), increasing mandatory periodic attestations within the CTR. The Half-Yearly Trustee Report format is modified to add Clause 72A requiring trustees to report SIF-specific governance and compliance matters, expanding trustee oversight reporting, with effect from January 8, 2026.
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